BEIJING - China said on Thursday it would review the need for anti-dumping and anti-subsidy tariffs on Australian wine imports, a highly anticipated move that is part of a push to improve the relationship between the two countries.

The Commerce Ministry said in a statement that it had decided to conduct the review from Thursday.

Last month, China and Australia said they had reached a consensus to settle a World Trade Organisation dispute about wine, and that the anti-dumping tariffs, set to expire in 2026, would be reviewed.

"The Ministry of Commerce will carry out a review in accordance with the law to fully protect the rights of all stakeholders," Shu Jueting, a commerce ministry spokesperson, told a regular news conference in Beijing.

"We will adjudicate objectively, fairly and openly based on the claims of each interested party and after examining the evidence," she added.

The ministry said any interested parties or stakeholders may submit comments in writing within 20 days.

The introduction of a 218% tax on most Australian wine introduced by China early in 2021 prompted that trade, previously valued as high as $1.2 billion annually, to collapse. REUTERS